Let’s Talk About Retirement

Emily Dew asked:


We recently got a new 401K and need to decide our allocation mix between large caps, foreign and bonds. Not sure if I should take the current economic situation into consideration or just stay the course. Thanks!

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Samuel Martin asked:


But with the first wave of baby boomers turning 60 next year, retirees’ abilities to manage their assets will become a much bigger issue.

As financial planning becomes more complex - and as workers become increasingly responsible for funding their own retirements - investors would be wise to seek advice about navigating the retirement waters.

American Century Investments has developed an award-winning, 21-page booklet, “Manage Your Investments During Retirement,” that helps guide investors through various issues as they approach and enter retirement, including:

* building a retirement portfolio;

* managing income sources, from retirement savings to Social Security benefits;

* forecasting expenses for health care and long-term care;

* determining annuity payments and withdrawal strategies for all accounts, including taxable and tax-deferred accounts;

* calculating a withdrawal rate.

American Century also is launching additional retirement planning and investing tools for investors in all stages of retirement.

These new services will help investors develop retirement plans, invest their retirement portfolios and manage their retirement incomes. Investors can work with an experienced investment consultant or work on their own online to take advantage of these new services.

These retirement services are part of American Century’s On Plan Investing approach - providing guidance tailored to investors’ needs to help them meet their most important financial goals - available at no additional cost.



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dani_CH asked:


I have it in a low cost SP 500 Growth Index Mutual Fund. I hope to be retiring in 5 to 8 years. I have other retirement accounts with my current employer.

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S M asked:


I have heard of target retirement funds, but do they give the best yield and do we still have to re balance the account every few months and manage the account like one would do if it wasn’t a target retirement fund??

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James D asked:


Can you describe a situation where this would be important. Thank you for your help with understanding this kind of retirement plan.

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p asked:


My employer doesn not offer 401K. I also have student loan debt and credit cards that I’m working on payingn down. Should I pay those off before worrying about investing? Is an IRA the best choice for me? I am almost 30 and feel I should start worrying about my retirement.

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bnlrta asked:


I’m a 25 year old female who has not even came close to saving for retirement….. I have just recently got my credit cards paid off so fortunately i have a few extra dollars to save. I would like to know the best way to increase my money in the long run?

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ohh Yea! asked:


how will a degree in business prepare me for retirement without social security???

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FainTrain asked:


I have 5K that I want to invest towards retirement. I know very little about the options availible or the best move to make for the long run. I’m thinking about opening 2 roth IRA accounts at $2,500 a piece. One for me and one for my wife. And then contribuiting to both on a montly basis. Is this a good idea? Or is there a better option?

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Yvonne Finn asked:


What is retirement planning?

A simple definition is: The setting aside of enough money during one’s income earning years to provide an income during retirement.

Seems simple enough, doesn’t it?

In years gone by it was possible for the money set aside in this manner and supplemented by Government assistance such as the Canada Pension Plan and Old Age Security, to provide for a comfortable and dignified retirement lifestyle.

Canadians have a Registered Education Savings Plan (RESP) for their child’s higher education; however, I believe we also need a Retirement Education Savings Plan, for everyone else.

Neither age nor income level should prevent us from taking an active and proactive interest in our retirement planning.

We have been alerted to the possibility that those of us newly retired or soon to retire will not be able to count on the Government support that our parents did.

We are on our own!

If we are to achieve and maintain a financially secure retirement we must become knowledgeable, informed and involved in creating the income that will support our retirement financial needs.

Fortunately, technology has made it increasingly easy for anyone with the desire and initiative to get as much information as is needed to begin to take an active role in their own financial planning and welfare.

Because we are living such longer and more active lives many of us will need almost as much income as we needed before we retired.

Then too, health issues can place a bigger financial strain on our retirement income.

So, if we do not want to live a limiting and financially restricted lifestyle when we retire, we must take steps today that will ensure we have the financial means to enjoy a secure retirement.

So, how will you handle retirement?

Burying your head in the sand is not an effective plan. If you plan to retire, you can and should learn about the many effective and efficient financial strategies and vehicles that will ensure that your “golden” years really are “golden”.

There are those in the financial industry who present a doom and gloom attitude about what they perceive will be the lack of sufficient retirement funds for a majority of future retirees.

I do not agree with this outcome as a foregone conclusion.

Achieving your retirement financial goals means understanding what you have today and how to use it to effectively plan for and create the security you will need in the future!



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